A-shares morning express | The ChiNext Index rose by 0.51%, with the photovoltaic sector showing strength.

On August 1st, A-shares opened with fluctuations and gains. As of 9:41, the Shanghai Composite Index rose by 0.09%, the Shenzhen Component Index rose by 0.37%, and the ChiNext Index rose by 0.51%. In terms of market performance, the photovoltaic sector strengthened with Shenzhen S.C New Energy Technology Corporation up by 20%; the liquid-cooled server concept continued to be strong with Sichuan Crun up for a second consecutive day; express logistics stocks collectively strengthened with STO Express Co., Ltd. and YUNDA Holding Group hitting the limit up. In addition, the pharmaceutical, education, aquaculture, and semiconductor sectors were among the top gainers. On the downside, the military industry sector saw a significant adjustment with North Long Dragon New Materials Tech falling by nearly 10%; the sports concept trended downward with CoCreation Grass hitting the limit down. Furthermore, the oil and gas, and beverage manufacturing sectors also saw significant declines. Looking ahead, Orient believes that the Chinese stock market has entered a medium to long-term slow bull phase, with reduced index volatility. It sees market hotspots experiencing significant pullbacks as good buying opportunities. Popular Sectors: 1. Strong performance in the liquid-cooled server concept: The liquid-cooled server concept continued to be strong with Sichuan Crun up for a second consecutive day. Zhejiang Dayuan Pumps Industry hit the limit up, while other companies like Shenzhen Cotran New Material, Beijing Tricolor Technology, Shenzhen Envicool Technology, and Zhe Jiang Kangsheng followed the uptrend. Analysis: Globally leading liquid cooling technology company, Veetech Tech, exceeded revenue and profit expectations in the second quarter of 2025. Organic orders grew by about 11% year on year in the past twelve months. The company's backlog of orders increased to $8.5 billion, with an order-to-shipment ratio of approximately 1.2 times. 2. Strength in express logistics stocks: Express logistics stocks collectively strengthened with STO Express Co., Ltd. and YUNDA Holding Group hitting the limit up. HPF Co., Ltd., HIGO, YUNDA Holding Group, YTO Express Group, Deppon Logistics, and Shanghai Shine-Link International Logistics followed the uptrend. Analysis: On July 29th, the State Post Bureau held a discussion meeting with express delivery companies to address issues such as "internal competition" in the industry and the excessive collection of unauthorized fees in rural areas, aiming to promote high-quality development within the industry. Institutional Views: 1. Huaxi: A-shares might challenge the...